How does the GENIUS Act impact XRP's potential for a $10 target?

The GENIUS Act's impact on XRP's potential for a $10 target is complex and multifaceted:

1. **Regulatory Clarity and Institutional Adoption**: The GENIUS Act provides a regulatory framework for stablecoins, which could enhance institutional adoption of XRP. As RLUSD, Ripple's stablecoin, aligns with the GENIUS Act requirements, it could gain credibility and acceptance within the regulated financial system. This indirect benefit could increase XRP's utility as a bridge asset in regulated environments.
2. **Stablecoin Infrastructure**: RLUSD's transactions burn a small amount of XRP as network fees, which could increase XRP demand in the short term. However, the overall effect on XRP's circulating supply is negligible, and the direct impact on price remains limited due to ongoing regulatory ambiguities.
3. **Market Sentiment and Potential Demand**: The GENIUS Act could shift market sentiment, as it represents a significant step toward mainstream acceptance of digital assets. This could create a positive environment for XRP, potentially increasing demand and supporting a price rally. However, this is contingent on how the market interprets the legislation and its impact on XRP.
4. **Long-Term Utility vs. Short-Term Price Targets**: While XRP's long-term utility as a bridge asset in international payments